Thanks to

Apuntes

•Introduction to Money and Transactions Thanks to money, we can carry out exchanges and transactions that facilitate the acquisition of goods and services. Money is a key factor in the current financial and economic system, enabling us to exchange and purchase what we need or want. •History of Money and Barter System Before currency or the concept of money appeared, barter was used as a means of exchange. However, barter was subjective, leading to complications such as difficulties in determining the value equivalence of goods or mismatched needs—when one person did not want to exchange or did not need what the other had to offer. •Evolution of Value Exchange The need arose to create a means of assigning value to goods and services accepted universally as payment. Early experiments included cattle, skins, salt, olive oil, spices, beer, wine, cocoa beans, corn, wheat, rice, shells, and precious stones, eventually leading to metals. •Development of Metal Money and Coins Initially, metals were used in rough forms, but later, they were shaped into coins made of bronze, iron, gold, and silver. These coins varied in size and weight, allowing for different transactions and deno...